Energy and Utilities Analytics Market Expected to Be $4.3 Billion by 2025

Northbrook, IL -- (SBWIRE) -- 08/20/2021 -- According to a new market research report "Energy and Utilities Analytics Market by Component (Solutions and Services), Deployment Mode, Organization Size, Application (Upstream, Midstream, and Downstream), Vertical (Energy and Utilities), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 2.0 billion in 2020 to USD 4.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period. The major growth factor of the energy and utilities analytics market is the mounting adoption of smart meters for enabling two?way communication between companies and customers. The prioritization of power generation planning and the need for accurate forecasting, and the investments in digital channels to improve customer processes, experience, and perceived customer value are also expected to drive the market growth.
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